In the final study of top performing two-bedders in Singapore, we’re focusing on an area not particularly known for having condominiums with compact units, namely the large family-oriented district of Bedok.

The residential profile of Bedok has changed and evolved over the years, from an area dominated by HDB estates, but we’ve seen a notable increase in the number of new private residential developments.

And more development land is being released to meet the demand for private homes, such as the New Upper Changi Road land parcel, which saw a record land bid from a UOL-CapitaLand consortium. The site attracted a bid price of $1,537 psf per plot ratio - a record high for a residential government land sale site in the Outside Central Region (OCR).

Coupled with the new Thomson-East Coast Line extension at Bedok South MRT station, this is very much an area on the rise when it comes to the private non-landed housing segment.

But how well have condo projects typically fared in Bedok, with specific emphasis on two-bedroom units. And which ones have succeeded, despite this not being an area previously associated with many one- and two-bedroom units. Let’s examine this residential area closer, and the future implications of the property markets’ trajectory there.

The top performing condo for two-bedders in Bedok

To identify the strongest performers, we looked at the profitability of two-bedders across Bedok, over the past decade. We focused solely on subsale and resale transactions, and we’ve also limited the list to projects with at least five profitable transactions (to avoid including outliers).